Stock Market & Financial Investment News

House votes to rescind defense cuts, Defense News reportsThe House of Representatives last night approved a Republican bill that would cancel automatic defense cuts scheduled to occur beginning next month, according to Defense News. Democrats, however, were opposed to the measure, and it's doubtful that the Senate will vote on the legislation, the website added. Reference Link

News For LLL;LMIA;LMT;BAESY;GD;COL;BA;RTN;FLIR;NOC From The Last 14 Days

Alaska Air purchasing six Boeing Extended Range aircraftAlaska Airlines (ALK) is purchasing six more Boeing (BA) 737-900 Extended Range aircraft, valued at $594M. Boeing's current list price. The new planes, four scheduled for delivery in 2016 and two in 2017, bring Alaska's total of locally manufactured jets on order to 79.

Spirit AeroSystems likely to collect some funds from Gulfstream,says Wells FargoAfter Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.

Boeing awarded $29.5M contract for laser weapons on Navy shipsBoeing said it has been awarded a $29.5M contract to design and develop a beam control system that could provide exceptional accuracy for laser weapons on U.S. Navy warships.